Electronics giant adds mobile wallet

The mobile wallet wars are heating up again.



Best Buy is the newest retailer to accept mobile payments, a move that it expects to streamline checkout and drive loyalty. A multiyear agreement with Chase enables the chain to accept Chase Pay in its stores, on BestBuy.com, and in the Best Buy app.



Chase Pay, which gives Chase customers an easy and secure way to pay for purchases, will also integrate offers and rewards into the payment experience — benefits that will improve the checkout experience. “Our goal is always to make things easier for our customers and help them smoothly navigate the checkout process,” said Mark Williams, president of financial services for Best Buy. “Chase Pay provides an easy and safe way for customers to purchase the products they want.”



The mobile wallet integration is a natural decision for Best Buy, which is also a key member of the Merchant Customer Exchange (MCX), a consortium of merchants and financial institutions designed to bring innovative payment choices and options to consumers across the nation.